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P2 Gold BAM Intersects Additional Near-Surface Gold Mineralization; Geophysics Identifies Potential Feeder System and Porphyry
VANCOUVER, British Columbia, Sept. 13, 2022 (GLOBE NEWSWIRE) -- P2 Gold Inc. (“P2” or the “Company”) (TSX-V:PGLD) (OTCQB:CTIMF), reports results from drill hole
About this update from P2 Gold Inc.
[{"type":"text","content":" VANCOUVER, British Columbia, Sept. 13, 2022 (GLOBE NEWSWIRE) -- P2 Gold Inc. (“P2” or the “Company”) (TSX-V:PGLD) (OTCQB:CTIMF), reports results from drill holes BAM-016 to 031 of the 2022 Drill Program and initial geophysics survey results at its gold-copper BAM Project located in the Golden Triangle in northwest British Columbia. “The 2022 Drill Program continues to advance at the BAM Project with over 11,000 meters drilled in 85 drill holes,” commented Joe Ovsenek, President and CEO of P2. “Drilling to date has confirmed that the Monarch Gold Zone covers an area of a minimum of one square kilometer, and now that geophysical survey results are becoming available, we will target the potential feeder zones and porphyry source of the near surface mineralization.” BAM Project Drill Results Select drill results (see Table 1 below for drill results) from holes BAM-016 to BAM-031 drilled at the BAM Project include: Hole BAM-028 intersected 1.11 g/t gold and 2.53 g/t silver over 23.65 meters, including 3.0 meters grading 3.98 g/t gold and 3.02 g/t silver; and Hole BAM-029 intersected 1.09 g/t gold and 1.41 g/t silver over 25.4 meters, including 3.0 meters grading 5.41 g/t gold and 3.86 g/t silver. Drill holes BAM-027 to 031 were drilled on Section C and encountered mineralized conglomerate ranging in grade from 0.43 g/t gold to 5.41 g/t gold. Drill holes-BAM-016 to 026 were drilled on Section H/I, which is believed to be near the southern limit of the Monarch Gold Zone. A plan map and sections for drill holes BAM-016 to 031 of the 2022 BAM Drill Program are available here. The focus of the 2022 BAM Drill Program has been to find the limits of the epithermal surface mineralization and provide geologic information to aid in the interpretation of the airborne and ground geophysical surveys. This interpretation will be essential in discovering the source of the surface epithermal zone and any associated high grade and/or porphyry mineralization. Section H/I appears to be near the southern limit of the Monarch Gold Zone. Visual inspection of the drilling on section AA to the far northeast indicates that the zone extends at least that far and is potentially open in that direction. This confirms that the Monarch Gold Zone is at least 1,000 meters long and 1,000 meters wide. This latest drilling has continued to define several structures tha...